A SEP IRA is a tax-advantaged retirement account that’s an especially attractive option for workers who don’t have access to an employer-sponsored plan. The annual contribution limits for an SEP IRA ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

Self-employed workers and small-business owners who want an easy and inexpensive retirement plan should consider a Simplified Employee Pension IRA, or SEP IRA for short. SEP IRA plans are easier to ...

Being self-employed can be rewarding, giving you control over your schedule and freedom from routine. But it’s not without its stressors, like wondering how you’ll save enough for retirement when you ...

What advisers need to know about Solo 401(k)s and SEP IRAs. For self-employed individuals, freelancers, and small business owners without full-time employees, securing the right retirement plan can be ...

A major part of retirement planning is choosing which type(s) of retirement accounts you want to use to hold your savings and investments. If you're self-employed, either a solo 401(k) plan or ...

Anyone, and I mean anyone, can become an IRA millionaire if given enough time. According to Fidelity, the number of IRA millionaires on its platform has grown 40% over the past year. That figure doesn ...

There are five main choices for the self-employed or small-business owners: an IRA (traditional or Roth), a Solo 401(k), a SEP IRA, a SIMPLE IRA or a defined benefit plan. Many, or all, of the ...

The SEP IRA allows you to contribute up to 25% of your compensation, or $69,000 in 2024 and $70,000 in 2025. Remember, you ...